Sublime

Second Machine Age, written by the MIT economists Erik Brynjolfsson and Andrew McAfee.

sensors and code are not just being used now to precisely

When such rapid progress is occurring, the knowledge of the core in organizations within these industries can easily become out of date.

like Upwork and O2O platforms.

“Schumpeterian,” enabling companies to scale up rapidly and gain dominant market share, but also making it easier for new entrants to supplant them and increase turbulence.

transaction cost economics; there’s too much rich and excellent work. Instead,

As Brynjolfsson and McAfee point out in The Second Machine Age, over the past thirty years, the United States has seen steady growth in worker productivity but stagnant growth in median income and employment. Brynjolfsson and McAfee call this “the great decoupling.” After decades when productivity, wages, and jobs rose in almost lockstep fashion, t